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Back in 1972, the last time this tax break was so big | Small Budget 2022ATN News

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DuThe Institute for Fiscal Studies said Kwasi Kwarteng’s announcement on Friday was the largest budget cut since Anthony Barber’s March 21, 1972, more than 50 years ago. Here’s a rundown of some of the prices you’re likely to pay. and what you may have seen and listened to at the time

Cost of Living Crisis, Style of 1972

The barber’s budget is called But the prices of everyday items are ridiculously understated by today’s standards. A pint of milk costs 6p in March 1972, butter costs about 13p, and a gallon of four-star gasoline, naturally leaded, will set you back 35p, or about 8p a liter if you just bought a brand new Ford Cortina to fill up. A car will cost £963. Land registration averages £5,158. If you still can’t buy a car or a house. You can drown your sorrow with 14 pints of beer while smoking 20 cigarettes that puts you back in the pub about 25m, just 13 months after the decimal. People can still be forgiven for being confused about the prices on “new money.”

Ford Cortina Will Set You Back £973 In 1972 Photo: David Newell Smith/The Observer

when the television is really turned on

In an era where both BBC channels continue to have “shutdown” periods scattered throughout the day and parliament is not broadcast on television, BBC One Brian Widlake presents an afternoon special entitled Budget Special 1972: Confidence or Crisis? with contributors including Brian Walden and Robin Day.

That means the kids’ show has been moved to BBC Two, where you can catch Tony Hart on Vision On and have Jackanory to enjoy. Later that night on BBC One, Robert Hardy told a documentary about the British Empire and Barry. Norman is reviewing the movie in 72 movies. Of course, you’ll pay for a television license, which is £7 for the black and white set and £12 if you want to watch it in color.

sound of the 70s

The No. 1 single in the UK that week was Nilsson’s Without You, which was also at #1 in Ireland, Australia and the US. Also in the top ten are American Pie by Don McLean and Hold Your Head Up by Argent. Lindisfarne is at the top of the album chart with Fog On The Tyne, an album that takes over one. The year on the UK charts includes four weeks in the top spot.

David Bowie performs Starman on Top Of The Pops in 1972.
David Bowie performs Starman on Top Of The Pops in 1972. Image: YouTube/GreatGuitarHeroes

American singer-songwriter Judee Sill was a guest performer at the Budget Day Old Gray Whistle test, while Thursday’s issue of Top of the Pops you won’t be seen repeating on the recent BBC Four, according to the lead. Presented by Jimmy Savile. Comprised of Chiffons, Olivia Newton-John, Liby Zifre and Tom Jones.

The list of Radio One DJs on this budget day is actually broadcasters, including Tony Blackburn, Jimmy Young, Dave Lee Travis, Johnny Walker, Terry Wogan, Annie Nightingale and John Peel. card Robinson is presenting the Today program on Radio 4, while Radio 2 oversees the afternoon budget report.

Clough’s glory days with Derby County.

in football Derby County are on the verge of winning England’s First Division for the first time under the clever management of Brian Clough ahead of budget as they beat Leicester 3-0 as rivals Liverpool for the title. Beat Newcastle 5-0, Leeds United are busy paying 2-1 to Tottenham in the FA Cup on their way to an eventual win. In Scotland, Celtic are heading for the title. seventh in nine consecutive entries while in Glasgow Rangers will eventually lift the expiring European Cup Winners’ Cup that year.

Brian Clough (left) and his assistant Peter Taylor show off the League Championship trophy to cheery Derby County fans in May 1972.
Brian Clough (left) and his assistant Peter Taylor show off the League Championship trophy to cheery Derby County fans in May 1972. Photo: PA Photos/PA

in rugby union Scotland won the Calcutta Cup 23-9 against England at Murrayfield last weekend ahead of the budget in a Five Nations match cut off by political turmoil following Bloody Sunday in Northern Ireland. January This means Ireland’s home games against Scotland and Wales have been cancelled.

Elsewhere in the sport, Eddy Merckx has won both the Giro D’Italia and the Tour de France, Jack Nicklaus is the highest-earning money on golf, Alex Higgins is the world’s snooker champion, and Emerson Fittipaldi is the F1 crown.

in the news too

NASA launched Pioneer 10 in March to study Jupiter before becoming the first man-made object to leave the solar system, and Apollo 16 is slated to head to the moon in early April. New York before becoming the highest grossing film of the year before The Poseidon Adventure.

NASA's Pioneer 10 spacecraft
NASA’s Pioneer 10 spacecraft Image: Associated Press

closer to home Just days after London’s budget directly imposed on Northern Ireland, and the summer of 1972 was the last time you could legally leave school at the age of 15, increasing to 16 from September 1.

The more things change…

Some things remain surprisingly stable. As the barber stands up to give a speech, Third Doctor Jon Pertwee It’s part of a six-part adventure that will take him to the sea monsters. The monster returns to celebrate its 50th anniversary in this year’s Doctor Who Easter Special, starring 13th Doctor Jodie Whittaker.

And what happened to Anthony Barber?

Within a few months of the budget The prime minister was forced to float the pound. This led to a sharp drop in the value of the pound and enormous inflationary pressures on the economy. which failed to grow in the way his tax cuts were intended to provoke. After industry unrest, Ted Heath called general elections in early 1974 and Barber lost his job as prime minister. while Harold Wilson was brought back to office with a minority Labor government. Barber didn’t stand for re-election when Wilson called the 1974 second general election in October to demand a majority. which he could only narrowly do. The barber goes to work in the banking world. which at one time had one John Major under his rule

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